NCSP Pays Eighth Eurobond Coupon

Press release

NCSP Pays Eighth Eurobond Coupon

17.05.2011

The Novorossiysk Commercial Sea Port Group (LSE: NCSP, RTS AND MICEX: NMTP) reports the payment of the eighth coupon on Eurobonds due in 2012.

Coupon interest paid totaled $10.5 million or $35 per each 1000 of the bond issue. Payment was made in full and on schedule.

The coupon is paid every six months at 7% annual interest rate. Moody's rated the $300 million eurobond issue (ISIN XS0300986337) as B1 and Standard & Poor's as BB-.

About NCSP Group

Novorossiysk Commercial Sea Port is the largest Russian port operator and the 3d operator in Europe in terms of cargo turnover. NCSP shares are traded on Russia's RTS and MICEX exchanges (NMTP) and on the London Stock Exchange (NCSP) in the form of GDRs (1 GDR representing 75 shares). NCSP Group consolidated cargo turnover in 2010 totaled 81.6 million tons (excluding Primorsk Trade Port), and consolidated revenue to IFRS in 2010 totaled $ 635,3 million and net profit $ 258,4 million. NCSP Group includes the following stevedore companies: PJSC Novorossiysk Commercial Sea Port, PJSC Primorsk Trade Port (since 2011), PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Shipyard, PJSC Fleet of NCSP, OJSC NLE, OJSC IPP, and Baltic Stevedoring Company Ltd.

For more information please contact:

+7 (8617) 650 043; [email protected]; [email protected]